---
title: "Annaly Capital CEO David Finkelstein Sells Exactly 50,000 Shares Every Quarter — $7.9M and Counting"
type: news
slug: annaly-capital-finkelstein-8-million-quarterly-insider-sales
canonical_url: https://13finsight.com/news/annaly-capital-finkelstein-8-million-quarterly-insider-sales
published_at: 2026-03-01T18:18:41.515Z
updated_at: 2026-03-01T18:18:52.262Z
author: Alex Rivera
author_title: Breaking News Editor
author_url: https://13finsight.com/authors/alex-rivera
word_count: 302
locale: en
source: 13F Insight
---

# Annaly Capital CEO David Finkelstein Sells Exactly 50,000 Shares Every Quarter — $7.9M and Counting

> Annaly Capital CEO David Finkelstein has sold $7.9M in NLY stock with a clockwork pattern: exactly 50,000 shares every quarter since 2024. His 709K remaining shares are worth ~$15M.

David L. Finkelstein, CEO of Annaly Capital Management (NLY), has sold $7.9 million across 42 insider transactions with a metronomic pattern: exactly 50,000 shares sold every quarter since early 2024 — February, May, August, November — at whatever the market price happens to be. The Numbers MetricValue Career Sell Value$7.9M Career Buy Value$3.9M Total Transactions42 Last Transaction2026-02-01 Shares Remaining709,725 Recent Activity DateTypeSharesPriceEst. Value 2025-11-03Sell50,000$21.1600$1.1M 2025-08-04Sell50,000$20.7900$1.0M 2025-05-05Sell50,000$19.2700$964K 2025-02-10Sell50,000$20.6000$1.0M 2024-10-28Sell50,000$19.2500$962K The quarterly 50,000-share cadence is among the most mechanically precise 10b5-1 patterns in the market. Finkelstein's last six sales: $19.03 (Feb '24), $20.05 (Aug '24), $19.25 (Oct '24), $20.60 (Feb '25), $19.27 (May '25), $20.79 (Aug '25), $21.16 (Nov '25). The narrow $19-$21 price band means each quarterly sale nets approximately $1M regardless of timing. What It Means Finkelstein's pattern is distinctive because Annaly Capital is itself a financial company — a mortgage REIT that profits from interest rate spreads. A mREIT CEO selling on a fixed schedule regardless of rate environment sends a disciplined diversification signal. His $3.9M in career purchases shows he's also been a meaningful buyer, resulting in a net $4M extraction over his tenure — relatively modest for a CEO of a $10B+ company. With 709,725 shares remaining (~$15M), Finkelstein maintains more than 7 years of selling runway at the current 200K shares/year pace. For NLY investors who buy the stock primarily for its 12%+ dividend yield, the CEO's quarterly $1M sales are small relative to the dividend income his 709K shares generate (~$1.1M/year in dividends). He's selling less than his position earns in income. What to Watch Whether the quarterly 50K-share cadence continues in Q1 2026 Annaly Capital's book value trajectory amid shifting rate expectations Fed rate path and its impact on mortgage REIT spreads and NLY's dividend Any deviation from the mechanical selling pattern as a potential signal

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Source: 13F Insight — https://13finsight.com/news/annaly-capital-finkelstein-8-million-quarterly-insider-sales
Author: Alex Rivera — https://13finsight.com/authors/alex-rivera
Last updated: 2026-03-01T18:18:52.262Z